Arab National Cement plant with a production capacity of 2 million tons annually.

ASEC Holding Chairman and Chief Executive Officer Giorgio Bodo, noted that Upper Egypt cement plant will start commissioning by the first quarter of year 2013 with a production capacity of 2 million tons annually.The total investment cost is 335 million USD, ASEC Cement owns 51% of its shares and Citadel Capital owns 48.5% of ASEC Holding

ASEC CEMENT is a platform for investments in emerging cement markets in the Middle East and North Africa Region and was created in November 2005 by Citadel Capital, the MENA region’s leading private equity firm

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